Major MCI Holder
Starts Proxy Fight
To Thwart Verizon

In a bid to squelch Verizon Communications Inc.'s $8.44 billion acquisition of MCI Corp., a large MCI shareholder is launching a proxy campaign to turn other shareholders against the deal.

While the effort remains a relative long shot, it threatens to bring the long-simmering MCI takeover battle between Verizon and Qwest Communications International Inc. back to a boil. Yesterday evening, a person close to Qwest said "there is a...